Business-to-Business Networking Research
Added on 2020-06-04
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Impact of business tobusiness networking onbusiness innovations andperformance in Australia
Table of ContentsASSESSMENT 3: Individual Reflective Journal............................................................................1Question 1: Evaluation of my effectiveness and usefulness of the learning experience........1Question 2: What is the usefulness of this learning process in my future life.......................1Question 3: What have happened in my learning process......................................................2Question 4: Evaluation of my learning...................................................................................3Question 5 Explanation of my learning process.....................................................................4Question 6 How this research plan will be applied in the future............................................4REFERENCES................................................................................................................................5
ASSESSMENT 3: Individual Reflective JournalQuestion 1: Evaluation of my effectiveness and usefulness of the learning experienceFrom the literature review and research proposal which is based on the topic “Impact ofBusiness to business networking on the business performance and innovation in Australia” Ihave learned that the organisation is able to enhance their performance when they are dealingand making contract with the different organisation in Australia. They have started thinkinginnovative ideas by which they can grab large market share and increase their profitability. Frommy learning, I can analyse that it is very useful for different organisation and their employees toknow the importance of business to business transaction and networking in order to improvetheir performance, profitability, market share and innovativeness. Large organisation are tryingto create effective and strong contract with the small organisation in order to make selling andpurchasing of goods and services, and exchange of information and ideas this help them toimprove their performance. As per my learning I can say that this strategy is very effective for the company to reducetheir risk with that they can improve their performance. If the goods are kept at the warehouse ofthe firm, then there is large chance that the products will spoil and if it is distributed to the othercompanies, then risk is shared to that venture and they are only responsible for both of theactivities that are selling of products and spoiled of goods. I learn the effectiveness, significanceand usefulness of business to business transaction and networking to enhance the innovativenessof different firms. As per my opinion, company should implement different strategies with thatthey should also learn the importance and execution of business to business networking forsharing the information, goods and services in order to improve performance and innovation. Ivalue the experience I have got from the deep study on this topic. I have aquired deep knowledgeabout business to business networking and how information, ideas, products and services isshared with that I have learned how this strategy is used to enhance firm's performance andinnovation.Question 2: What is the usefulness of this learning process in my future life.This topic have given me deep knowledge and understanding about the business tobusiness networking, different activities involved in B to B networking. It also given meeffective knowledge how that task is implemented to improve performance of organisation in1
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